Aetna (NYSE: AET), a leading global diversified health care solutions company, has been selected by Zurich-based Swiss Life, a leading life and pension insurer, to offer international health care benefits and services for expatriates out of Singapore to its roster of multinational customers, effective immediately.
Aetna's expatriate health care plans replace Swiss Life Singapore's in-house expatriate health care benefit plans.
The deal builds on the relationship announced in July that named Aetna as the United States partner for the Swiss Life Network, a global association of 60 insurance companies and business partners operating in 70 countries. Swiss Life offers comprehensive international and local employee benefit packages to multinational companies through the Swiss Life Network.
"We are pleased to expand our role in the Swiss Life Network to provide its customers in Singapore with high-quality expatriate employee benefits solutions and services tailored to meet their specific needs," said Derek Goldberg, Aetna International's general manager, Southeast Asia. "With our on-the-ground presence in Singapore and our strong global reach, we can provide the personalised, comprehensive service that multinational companies require to ensure their mobile employees have access to quality medical treatment so they can maintain good health."
Aetna has been licensed to sell health insurance in Singapore since June, 2012. Aetna offers a variety of individual and group plans in the Singapore market, including its flagship International Health Care Plan for customers who need coverage across the globe and Aetna Healthy Aessentials for customers who need coverage across the Southeast Asia region.
Margrit Schmid, CEO of Swiss Life Network, said, "We are pleased to work with Aetna to offer our customers high-quality expat employee benefits in Singapore in addition to the U.S. As a leader in health care solutions in America and for the expatriate market, Aetna is known for its strength in care management, wellness and technology and its commitment to empowering people to live healthier lives. Our expanded relationship will allow us to enhance our ability to provide multinational companies with the very best in employee benefit packages."
In December 2012, the Forum for Expatriate Management honored Aetna with an Asia-Pacific EMMA award for the most innovative use of technology in global mobility.
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